An Asset Created by a Payment for Economic Benefits That

Multiple Choice

An asset created by a payment for economic benefits that does not expire until some later time is:

A) Recorded as a debit to an unearned revenue account.
B) Recorded as a debit to a prepaid expense account.
C) Recorded as a credit to an unearned revenue account.
D) Recorded as a credit to a prepaid expense account.
E) Not recorded in the accounting records.